Bank of America Upgrades Coinbase Global (NASDAQ:COIN) to Buy

Coinbase Global (NASDAQ:COIN) was upgraded by Bank of America from a “neutral” rating to a “buy” rating in a research note issued on Thursday, Marketbeat.com reports. The firm presently has a $340.00 price objective on the cryptocurrency exchange’s stock. Bank of America‘s target price would suggest a potential upside of 41.21% from the stock’s current price.

Several other research analysts have also weighed in on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of Coinbase Global in a research note on Wednesday, December 17th. They set a “buy” rating and a $340.00 price objective on the stock. Barclays dropped their price objective on Coinbase Global from $291.00 to $258.00 and set an “equal weight” rating on the stock in a research note on Thursday. The Goldman Sachs Group raised Coinbase Global from a “neutral” rating to a “buy” rating and set a $303.00 price objective for the company in a research report on Monday. Citigroup reissued a “market outperform” rating on shares of Coinbase Global in a report on Thursday, December 18th. Finally, Rothschild Redb raised Coinbase Global from a “hold” rating to a “strong-buy” rating in a report on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $376.74.

Coinbase Global Trading Down 2.0%

Shares of Coinbase Global stock opened at $240.78 on Thursday. The stock has a market cap of $64.92 billion, a P/E ratio of 20.83 and a beta of 3.70. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.37. Coinbase Global has a 12-month low of $142.58 and a 12-month high of $444.64. The business’s 50 day moving average is $263.36 and its 200-day moving average is $315.40.

Coinbase Global (NASDAQ:COIN) last issued its earnings results on Thursday, October 30th. The cryptocurrency exchange reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.40. Coinbase Global had a net margin of 41.99% and a return on equity of 15.70%. The business had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same period in the previous year, the company earned $0.28 earnings per share. The firm’s revenue for the quarter was up 55.1% on a year-over-year basis. Equities research analysts predict that Coinbase Global will post 7.22 earnings per share for the current fiscal year.

Insider Buying and Selling at Coinbase Global

In other Coinbase Global news, COO Emilie Choi sold 100,000 shares of the stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $310.88, for a total transaction of $31,088,000.00. Following the transaction, the chief operating officer owned 187,802 shares in the company, valued at $58,383,885.76. This trade represents a 34.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Brian Armstrong sold 40,000 shares of the business’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $271.87, for a total transaction of $10,874,800.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 839,554 shares of company stock valued at $248,795,837 in the last ninety days. 16.56% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Coinbase Global

Hedge funds have recently added to or reduced their stakes in the stock. Evelyn Partners Investment Management Europe Ltd grew its holdings in shares of Coinbase Global by 92.3% during the 2nd quarter. Evelyn Partners Investment Management Europe Ltd now owns 75 shares of the cryptocurrency exchange’s stock worth $29,000 after purchasing an additional 36 shares in the last quarter. REAP Financial Group LLC bought a new stake in Coinbase Global during the third quarter worth about $25,000. Palisade Asset Management LLC acquired a new stake in Coinbase Global during the third quarter worth about $29,000. Cullen Frost Bankers Inc. acquired a new stake in Coinbase Global during the second quarter worth about $30,000. Finally, Salomon & Ludwin LLC increased its holdings in Coinbase Global by 4,400.0% in the 3rd quarter. Salomon & Ludwin LLC now owns 90 shares of the cryptocurrency exchange’s stock valued at $30,000 after buying an additional 88 shares during the period. Institutional investors own 68.84% of the company’s stock.

Key Stories Impacting Coinbase Global

Here are the key news stories impacting Coinbase Global this week:

• Positive Sentiment: Bank of America upgraded COIN to Buy with a $340 target, citing expansion into 24/5 stock trading, prediction markets, real‑world asset tokenization and possible Base‑token monetization — the upgrade signals meaningful upside if execution continues. Read More.
• Positive Sentiment: External integrations are expanding Coinbase’s ecosystem: OwlTing announced integration with Coinbase’s x402 standard (AI‑initiated payments), which could broaden on‑ramps for merchant payments and demand for Coinbase infrastructure. Read More.
• Positive Sentiment: Multiple brokerages and Wall Street notes (including Goldman/Bernstein/Monness coverage items this week) have refreshed Buy ratings or reiterated bullish views, supporting flows into the stock on the upgrade narrative. Read More.
• Neutral Sentiment: Options market activity is elevated — more volume and positioning details could amplify intraday moves but don’t change fundamentals; watch skew and open interest for near‑term volatility signals. Read More.
• Neutral Sentiment: Management is pitching 2026 as a shift from exchange to “global market operator” — a bullish strategic narrative if realized, but it requires execution and time to materially change multiples. Read More.
• Negative Sentiment: Insider selling: CEO Brian Armstrong and director Fred Ehrsam disclosed sizeable share sales in early January; such moves often sap near‑term sentiment even if they’re pre‑planned/routine. Read More.
• Negative Sentiment: CEO comments warning that China’s interest‑paying digital yuan could create a competitive payments edge have raised policy and market‑share concerns for dollar‑pegged stablecoins — a potential margin/competitive headwind. Read More.
• Negative Sentiment: Regional execution/regulatory snags (e.g., paused fiat rails in Argentina) plus recent bitcoin weakness and technical chart pressure are adding flow and technical selling into COIN. Read More. Read More.

About Coinbase Global

Coinbase Global, Inc is a U.S.-based company that operates one of the largest cryptocurrency exchange platforms. Founded in 2012 by Brian Armstrong and Fred Ehrsam and headquartered in San Francisco, Coinbase provides technology and infrastructure to buy, sell, store and use a broad range of digital assets. The company became a public company through a direct listing on the NASDAQ in April 2021 and offers services tailored to both retail and institutional customers.

Coinbase’s product portfolio includes its consumer trading platform, a self-custody mobile wallet, and institutional services such as custody, prime brokerage and execution tools.